| MONEY | notes and coins |
| ACCOUNT | a structured record of transaction |
| ACCOUNTANCY | the practise of accounting |
| ACCOUNTANT | a professional perdon who maintains and checks bussines records |
| ACCOUNTING EVENT | a transaction recorded in a particular book of account |
| ACCOUNTING FEES | payments paid to an accountant for preparing accounts |
| ACCOUNTING DEPARTMENT | a unit in a company that deals with accounts |
| ACCOUNTS PAYABLE | the amount that a company owes for googds or services obtained on credit |
| ACCOUNTS RECEIVABLE | the money that is owed to a company for goods or services provided |
| ACCRUED INCOME | money that has been earned but not yet received |
| ACCRUED LIABILITIES | money which is recorded althought payment has not been made |
| ADVANCED PAYMENT | an amount paid before it is earned |
| AGGREGATE-SUPPLY | the total of all gooda and services produced in an economy |
| AMORTISE | to reduce the value of an assets gradually by writing off it cost |
| ANNUAL CHARGE | a menagement fee paid yearly |
| ANNUAL REPORT | documents prepared each year to give a true and fair view of a company's state of affairs |
| ASSET | any tangible or intangible item to which a value can be assigned |
| ATM | an electronic machine from which bank customers can withdraw paper money |
| AUDIT COMMITTEE | a company's board of directors that monitors the company's finances |
| BAD DEBT | a debt which is considered to be uncollectable |
| BALANCE | the state of an account |
| BALANCE SHEET | a financial report stating the total assets and liabilities at a given date |
| BANG FOR THE BUCK | return on investment |
| BANKRUPTCY | the condition of being unable to pay debts |
| BAREFOOT PILGRIM | an investor who has lost everythiong in securities |
| BARREN MONEY | money that is unproductive because it is not invested |
| TAKE A BATH | suffer a serious financial loss |
| BEAN COUNTER | a derogatory term for an accountant |
| BEAR MARKET | a market in which prices are falling and in which a dealer is more likely to sell securities rath |
| BID | an offer to buy all or a majority of the capital shares of a company |
| BOND | a promise to repay with interest on specified dates money that an investor lends a company or a |
| BOOKKEEPER | a person responsible for financial records |
| BOOKS OF ACCOUNTS | ledgers and journals used in preparing financial statements |
| BUDGET DEFICIT | the extent by which expenditure exceeds revenue |
| BUDGET SURPLUS | the extent by which revenue exceeds expenditure |
| BULL MARKET | market in which prices are rising and in which a dealer is more likely to buy than sell |
| CASH DISCOUNT | a discount offered to a customer who pays for goods with cash |
| CASH FLOW | the movement through an organisation of money that is generated by its own operations |
| CATEGORY KILLER | a major organisation that puts out of business smaller companies |
| CHARTERED ACCOUNTANT | a qualified professional accountant in the UK |
| CHEAP MONEY | low interest rates |
| CLICKS AND MORTAR | hybrid businesses involved in e-commerce and traditional stores |
| COLLATERAL | property or goods used as security against a loan |
| COMMODITIES | a good or service, e.g. cotton, wool or a laptop |
| COMMISSION | a payment made to an intermediary often calculated as a percentage of the value of goods or servi |
| COMPETITION | rivalry between companies |
| CREATIVE ACCOUNTING | the use of accounting methods to hide aspects of a company's financial dealings in order to make |
| CREDIT | a financial arrangement to buy goods or services and pay for that at a later date |
| CREDITOR | a person or entity to whom money is owed |
| CURRENT ASSETS | cash or assets that are readily convertible to cash |
| CURRENT LIABILITIES | money owed which falls due for payment within one year |
| DAISY CHAINING | creating artificial transactions in order to make a particular security appear more active than |
| DEAR MONEY | money which has to be borrowed at a high interest rate] |
| DEBT COLLECTION AGENCY | a business that secures the repayment of debts for third parties |
| DEBTOR | a person or entity owing money |
| DEED | a legal document that details the transfer or sale of a property |
| DEEP POCKET | a company or an individual that provides funds for another company |
| DIRECT DEBIT | a claim on an individual or organisation by a creditor and paid by the individual's or organisat |
| DISCOUNT | a reduction in the price |
| DIVERSIFICATION | increasing the variety of business, service or product types |
| DIVESTMENT | a proportional reduction in an ownership stake |
| DIVIDEND | an amount payable to shareholders from profits |
| DOWNSIZING | organisational restructuring |
| DROP A BUNDLE | lose a lot of money |
| DYNAMIC PRICING | pricing that changes in line with demand |
| EMBEZZLEMENT | a financial crime, fraud |
| ENDORSE | o sign a bill or cheque on the back to show that its ownership passes on to another person |
| ENTREPRENEUR | somebody who sets up a business |
| EXCHANGE RATE | the rate at which one currency can be exchanged for that of another country |
| EXCISE DUTY | a tax on goods such as alcohol or tobacco |
| EXPENSE | a cost incurred in buying goods or services |
| FILL OR KILL | to carry out a client's order immediately or else the order is cancelled |
| FINANCIAL YEAR | the twelve-month period for which a company produces accounts |
| FIXED ASSETS | a long-term asset such as a machine or building |
| FOREGIN CURRENCY | a currency used in a foreign country |
| GDP | Gross Domestic Product |
| GNOMES OF ZURICH | a derogatory name for Swiss bankers |
| GO-GO FUND | a unit trust that trades in high-return and high-risk investments |
| GOLDEN HANDCUFFS | a financial incentive paid to employees to remain in an organisation |
| GOLDEN HANDSHAKE | a sum of money given to a senior executive on his involuntary departure from a company |
| GO PUBLIC | to float the shares of a company |
| HARD CURRENCY | a currency that is traded in a foreign exchange market and for which there is demand |
| HAGGLE | to negotiate the price |
| HEDGE FUND | a unit trust that takes considerable risk |
| HIRE PURCHASE | a method of paying for a product or service where the buyer pays a series of instalments |
| HOSTIL BID | a takeover bid that is opposed by the target company |
| HOT ISSUE | a new security that is expected to trade at a significant premium on its issue pric |
| ILLIQUID | not easily convertible into cash |
| IMF | International Monetary Fund |
| INCOME TAX | tax levied on any income |
| INFLATION RATE | a rate at which the general price level increases |
| INHERITANCE TAX | tax payable on property inherited after somebody's death |
| INSOLVENCY | the inability to pay debts |
| INTEREST | the rate that a lender charges for a loan |
| INTERIM DIVIDEND | a dividend whose value is determined on the basis of a period less than a full fiscal year |
| INTERNAL REVENUE SERVICE | tax office |
| INVOICE | document that the supplier sends to a customer detailing the cost of product and requesting payment |
| JOINT VENTURE | a project undertaken by two or more parties |
| LEDGER | a book in which transactions are recorded |
| LEGAL TENDER | banknotes and coins accepted within a given jurisdiction |
| LESSEE | the person who uses a leased asset |
| LESSOR | the person who provides the asset being leased |
| LOAN SHARK | somebody who lends money at excessively high rates of interest |
| LONG-TERM DEBT | loans that are due after at least one year |
| LONG-TERM LIABILITIES | loans that are due after at least one year |
| MAJORITY SHAREHOLDER | a shareholder with a controlling interest in a company |
| MANAGEMENT BUY-OUT | purchase of an existing business by individual manager or management group from within that busines |
| MARGIN | the difference between the cost and the selling price of a service |
| MARKET ECONOMY | an economy in which a free market in goods and services operates |
| MONEY LAUNDERING | the process of making money obtained illegally appear legitimate |
| MORTAGAGE | a credit to finance the acquisition of land and real property |
| NATIONAL DEBT | the total borrowing of a country's government |
| NEAR MONEY | assets that can be quickly turned into cash, e.g. bank deposits, short-dated bonds |
| NYSE | New York Stock Exchange |
| OVERDRAFT | withdrawal of more money from a bank account than it contains |
| PAYROLL | a record showing each employee his gross pay, deductions and net pay |
| PAYSLIP | a document given to employees when they are paid |
| PERSONAL IDENTIFICATION NUMBER | (PIN) |
| PENSION | money received regularly after retirement |
| PRINCIPAL | the original amount of a loan not including interest |
| PARENT COMPANY | a company which has not been registered as a public company |
| PROFIT AND LOSS ACCOUNT | the summary record of a company's sales revenues and expenses over a period |
| PROFITEER | an individual who aims to make excessive profits disregarding others |
| PUBLIC DEBT | the money that the government owes |
| QUOTED COMPANIES | companies listed on a stock exchange |
| RED TAPE | excessive bureaucracy |
| REVENUE | the income generated by a product or service |
| ROGUE TRADER | a dealer in stocks and shares who uses illegal methods to make profits |
| ROYALTIES | a proportion of the income from the sales of a product to its creator or owner, e.g. a land owner, i |
| SALARY | a form of pay given to employees at regular intervals for the work they have done |
| SAVING ACCOUNT | an account with a bank that pays interest |
| SECONDARY MARKET | a market that trades in existing shares rather than new share issues |
| SHAREHOLDER | a person or entity that owns shares in a company |
| SHARE ISSUE | the offering for sale of shares in a business |
| SLEEPING PARTNER | a person/entity that invests money in a company but takes no part in the management of the business |
| STOCK EXCHANGE | a registered market in securities |
| TARIFF | a government duty imposed on imports |
| TAX EVASION | the illegal practice of paying less money in taxes than is due |
| TAX HAVEN | a country that has very low taxes |
| TIGER | any of the key markets in the Pacific region, except Japan: Hong Kong, South Korea, Singapore,Taiwan |
| TIGHT MONEY | a situation where it is expensive to borrow money |
| TREASURY | government department responsible for the nation's financial policies, the management of its econom |
| TURNOVER | total sales revenue for an accounting period |
| TYRE KICKER | a potential customer who asks for information and requires attention but does not buy anything |
| UNEMPLOYMENT | situation when some members of a country's labor force are willing to work but can't find employment |
| UNLIMITED LIABILITY | full responsibility for the obligations of a general partnership |
| UNLISTED COMPANY | a company that has no securities listed on a stock exchange |
| VARIABLE INTEREST RATE | an interest rate that changes in relation to a standard index during the period of a loan |
| VAT | value-added tax |
| WAGES | a form of pay given to employees for the work they have done on a weekly basis |
| WEAR AND TEAR | the deterioration of a tangible fixed asset as a result of normal use |
| WHITE KNIGHT | someone eg. company's management who buys the company when a hostile company is trying to buy it |
| WHIZZ KID | a young, successful person who makes a lot of money in large financial transactions |
| WHITE ELEPHANT | product or service that hasn't sold well despite large amounts of money pumped into its development |
| WRITE-OFF | a reduction in the recorded value of an asset, usually to zero |
| YIELD | percentage of the amount invested that is the annual income from the investment |
